Huge immediate market. And in addition to pure size, if metro NYC with 20 million people were an independent country, it would be the 8th largest economy in the world.
With its hundreds of languages spoken, and its rich tapestry of cultures, NYC is the world’s second home. Companies from across the globe culturally belong here.
Expected growth in office vacancies should drive down NYC office rental costs. It’s massive office and residential portfolios makes NYC an ideal testing ground for urban innovations.
NYSERDA, Columbia University and its Earth Institute, Cornell, Brookhaven, NYU as well as the SUNY and CUNY, all offer partnership opportunities.
Home to ABC, CBS, NBC, Bloomberg, and the WSJ make it a traditional media capital. And as a second home to Google, Facebook, twitter and others make it a social media one.
Non governmental organizations (NGOs) are known to lead grass-root, constituent building activities. Invent City would look to partner with NGOs.
NYC has the tourist infrastructure to support > 66mm visitors (2019). Invent City is expected to have only 5mm visitors. Invent City will look to work with NYC&Co.
In 1624 the Dutch built the first European structure on Governors Island. NOTE: Invent City will mark this date and not celebrate it.
Lower Manhattan is home to various museums, internationally recognized buildings and interesting neighborhoods including Chinatown, Tribeca, FiDi and Little Italy.
Lower Manhattan being highly recognized means Invent City should benefit from larger sponsorships.
In addition to working with NYC&Co and the Downtown Alliance, Invent City will also look to cross promote with leading current tourist destinations including:
> South Street Seaport, 9 mm visitors
> 9/11 Memorial, 6.8 mm visitors
> Stat. of Liberty + Ellis Island, 4.5 mm visitors
> 9/11 Museum, 3.1 mm visitors
> One World Trade, 2.3 mm visitors
> Perlman Center, (when it opens)
Lower Manhattan is already arguably the most transit accessible area in North America. Existing transit service walkable from Ground Zero includes:
> Subway (2, 3, 4, 5, A, C, E, J, Z, N, R + W)
> PATH (to NJ including EWR)
> NYC Ferry (all 5 boroughs)
> NY Waterways (to NJ)
> Staten Island Ferry
> Hornblower Ferry (various)
> Governors Island Ferry
> West Side Highway (buses to Javits)
> FDR (buses to United Nations)
To complement the above, Invent City will demonstrate a network micro transit hubs which will include transportation services for people and packages.
Lower Manhattan is home to NYC’s government, the largest municipal government on North America. A lot of urban innovation is B2G.
Lower Manhattan is tightly defined, bound by water on three sides, a major cross-Manhattan street on the fourth (Chambers, Canal, Houston or 14th Street).
If needed, Lower Manhattan offers easy ferry access to the Brooklyn Navy Yards, Governors Island and ferry and PATH service to Liberty State Park / Science Center.
Lower Manhattan has already been transforming into a live/work community. Since 9/11 residential population has grown from 32,800 people to 64,000 today,
Lower Manhattan is still home to Wall Street, and NYC in general is home to many investment banks, private equity firms and angels